Region: Africa, Europe

Systemair acquires distributor in Morocco

Acquisition of Systemair Maroc represents 60% of the total shares in the Moroccan entity, company says

Added: September 2, 2019 | By: CPI Industry - Content Team

SKINNSKATTEBERG, Sweden, 2 September 2019: Systemair has acquired Systemair Maroc in Morocco, the company said through a Press release.

Systemair Maroc sells Systemair’s products in Morocco and West Africa, the release said. According to the release, the company had sales of approximately SEK 70 million in 2018 and has 27 employees. The sales company, with office and warehouse in Casablanca, had so far had a license agreement to act under the name Systemair. The acquisition, the release said, represents 60% of the total shares in the company, with an option to acquire the remaining shares within three years.

Roland Kasper, CEO, Systemair, said, “Morocco is a growth market, and we continue to see good opportunities for Systemair products both in Morocco and in West Africa, in general.”